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Parties cleverly attempted to convert operational debt into financial debt: NCLT junks Section 7 petition

NCLT held that an operational credit cannot be converted into a financial debt if the financial creditor is not eligible to advance a loan as per Section 186 of the Companies Act.

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Coal crisis: Why Delhi's coal stock is critical & what other states are doing

Delhi generates 1,107 megawatts of electricity and imports 4,154 MW from neighbouring states

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Saudi Arabia based Fintech Lean Technologies Acquires $33M from Sequoia Capital, Others

Saudi Arabia based Fintech Lean Technologies Acquires $33M from Sequoia Capital, Others
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Sequoia picks Saudi fintech for first Gulf deal as foray expands

Sequoia is deepening its presence in the Middle East after recently backing companies from Turkey to Egypt.

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Lean raises $33 million in round led by Sequoia Capital

Saudi Arabia-based fintech Lean Technologies has raised $33 million in a Series A round led by Sequoia Capital, marking the US.

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